The Top 5 Things to Know about Your College Acceptance Letters
Summary: Congratulations! You’ve been accepted to college. That’s great news! But do you know what the financial numbers on your acceptance letter really mean? Watch this video and in 3 minutes, you should feel a lot more informed.
Video: 3 minutes
Who this is for: Juniors, Seniors and Parents
When you receive an acceptance letter from a college, you’ve got good reason to be proud. But it’s also important to be informed. Watch this short video and you’ll quickly learn the Top 5 things to know about the financial numbers on your acceptance letter.
The video refers to two important links, and here they are:
- Link to download the College Cost Worksheet (noted at 00:35 of the video)
- Link to access the Student Loan Calculators (noted at 01:30 of the video)
If you’ve watched the video and would like the Top 5 list in writing, this is for you:
The Top 5 Things to Know about Your College Acceptance Letter #1 – The “cost of attendance” on your form is just an average for all students at that college. Your costs will be different.#2 – Separate your loans from your scholarships and grants.
#3 – Your loan will likely cost more than the amount shown on the page.
#4 – Check if your bottom line requires an additional loan.
#5 – Your financial aid statement only covers one year.
We recommend you watch the whole video to get the full story and maybe do some additional research on your own, too. But once again – Congratulations!